Mortgage meltdown: Bank chaos as families rush to freeze payments and homeowners tell of 10-hour wait on helplines Chancellor Rishi Sunak offered homeowners a three-month mortgage break Lenders now asking borrowers to submit applications online to free up phones Borrowers who do take a break will still be charged interest on their mortgage By Samantha … Read more
Most mortgage lenders HAVEN’T even passed on last week’s Bank of England base rate cut to customers – we reveal the ones that did The Bank of England cut base rate twice in as many weeks, now to 0.1 per cent This means lenders can now borrow money more cheaply than ever before Despite this … Read more
Shares and sterling rally after the Bank of England slashes interest rates to a record low of 0.1% By Lucy White For The Daily Mail Published: 21:50 GMT, 19 March 2020 | Updated: 22:13 GMT, 19 March 2020 Shares edged higher yesterday and sterling swung wildly after the Bank of England slashed interest rates to … Read more
Bank of England slashes interest rates to just 0.1% to help boost UK economy as ministers unveil emergency laws to tackle the spread of coronavirus Bank of England’s Monetary Policy Committee had a special meeting today Committee decided to cut interest rates from 0.25 per cent to just 0.1 per cent It is second interest … Read more
The FTSE fell again this morning despite early morning rises as the markets continue to be rocked by the coronavirus pandemic. It comes the day after the pound slumped to a 35-year low against the US dollar as the Chancellor’s £350billion coronavirus bailout failed to calm the markets. Europe’s stock markets initially rebounded today, as … Read more
Kristen Bell’s daughters empty piggy bank to donate to charity helping feed kids during coronavirus school closures By Rachel Mcgrath For Dailymail.com Published: 06:09 GMT, 19 March 2020 | Updated: 06:09 GMT, 19 March 2020 Like many celebrities, Kristen Bell is self-quarantining with her family as the coronavirus pandemic worsens in the US. And on … Read more
As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
Metro Bank has come under fire for not introducing a new fraud prevention scheme, despite last year signing up to a code which said banks ‘should’ bring it in. The bank, which launched a decade ago, said it had ‘no current plans’ to implement a system called Confirmation of Payee, designed to alert anyone making … Read more
Starling Bank slashes the interest rate it pays to in-credit current account customers by up to 90% Starling currently pays 0.5% on balances up to £2,000 and 0.25% above that From 18 May these rates will be cut to 0.05% Starling blamed the Bank of England’s emergency base rate cut Could others like Nationwide and … Read more